Soy Protein Market: Regional Analysis
Among regions, Asia Pacific held a dominant position in the soy protein market in 2022, owing to the increasing production of soybean in this region. As per The Soybean Processors Association of India, in 2014-15, in China, the total production of soybean was 12.69 million metric tons, which increased and reached 15.90 million metric tons in 2018-19. Production of soy protein is done by processing soybean meal and therefore, increasing the production of soybean in this region will make it easier for the manufacturers to fulfill the soy protein demand. Therefore, demand for soybean-based products such as soy proteins is expected to boost the growth of the market in this region during the forecast period.
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